The Asian markets concluded Friday’s trade on a mixed note despite an official gauge of Chinese factory activity last month showed encouraging sign. Pressure is rising on China to show it can maintain a recent stabilization of economic growth after a worrying slowdown in the first half of the year. The HSBC China Manufacturing Purchasing Managers’ Index, a gauge of nationwide manufacturing activity rose to a final reading of 50.9 in October, a seven-month high, from 50.2 in September. A reading below 50 indicates a contraction in manufacturing activity from the previous month, whereas a reading above indicates expansion. Output at manufacturing plants in China increased for the third consecutive month in October, and at the quickest pace since April. The expansion of output reflected stronger demand both at home and abroad, with new orders and new export orders rising at faster rates in October.
South Korea’s exports rose sharply in October due to a jump in overseas demand, after shrinking in the preceding month. Exports in October rose a much better-than-expected 7.3% from a year earlier to $50.511 billion, following a 1.5% decline in September. Imports gained 5.1% on year to $45.612 billion in October. The October trade surplus of $4.899 billion surpassed the projection of a $4.32 billion surplus. The trade balance has been in the black since February 2012. Indonesia’s trade deficit narrowed in the third quarter as imports fell back due to slowing domestic demand and a weakening rupiah. The country posted a trade deficit of $2.9 billion in Q3, less than the $3.1 billion posted in the April to June period. Inflation eased slightly in October as food and clothing prices edged down. The consumer price index advanced by 8.3 percent last month, after climbing 8.4 percent a month earlier. This was the second month inflation had fallen back after peaking at 8.8 percent in August following the cut in the government’s fuel subsidy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2149.56 | 7.95 | 0.37 |
Hang Seng | 23249.79 | 43.42 | 0.19 |
Jakarta Composite | 4432.59 | -78.04 | -1.73 |
KLSE Composite | 1810.41 | 3.56 | 0.20 |
Nikkei 225 | 14201.57 | -126.37 | -0.88 |
Straits Times | 3201.20 | -9.47 | -0.29 |
KOSPI Composite | 2039.42 | 9.33 | 0.46 |
Taiwan Weighted | 8388.18 | -61.88 | -0.73 |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: